Organization:Susan Dell Foundation

Overview

Add text here...

OVER VIEW

In 1999, Michael and Susan Dell setup a foundation with a personal contribution of a billion dollars and having head quarters in west lake hills Texasand with a mission to transform the lives of children in urban poverty in the US, South Africa and India.

Stepped in India in 2006 and has been doing a great valuable service in giving high-quality education and improve family economic stability among India’s urban poor. Michael & Susan Dell foundation wanted to have an immediate, measurable and positive impact on the lives of individual children, while at the same time catalyzing systemic change. Partnering with organizations that provides a range of financial tools and services , from traditional philanthropic grants to mission-driven impact investments – using whichever strategy that we can measurably prove will help transform the most lives.

MICRO FINANCE

Poverty in India has become urbanised. Urban poverty in India is over 25 percent; some 81 million people live in urban areas on incomes that are below the poverty line. At the national level, rural poverty remains higher than urban poverty.

The Michael & Susan foundation extended it's hands to India in 2006 and since that it has been doing a great job in minimizing the urban poverty by taking steps that phenomenally benefit the urban poor people. Such as giving financial support aligning with the help of organizations like “JANALAKSHMI FINANCIAL SERVICES” .,a organization in Benguluru giving loans and showing a profitable way to urban women so that they stand on their own feet which indirectly supports the education of children and leads to the economical growth of the country.

With the help of loans people can start small business that leads them to be connected with sustainable market-based profits

for this Michael and Susan partnering with a range of stakeholders, including governments, businesses, NGO s, implementation experts, community organizations and other philanthropies.

• FINANCIAL INCLUSION

Almost 10 years ago, urban microfinance was practically nonexistent in India. The reason? Potential investors and entrepreneurs believed existing models of group lending that were effective in rural communities couldn’t be replicated in urban communities.

Foundation always believed that with the right product, focus and passion, coupled with relevant approaches and aligned investors, new markets could be catalyzed.  With that in mind, in 2006, they set out to start a strong urban microfinance industry through equity investments and grants to early-stage, high-potential Microfinance Institutions (MFIs) including early innovators Ujjivan and Janalakshmi. Today, the urban microfinance market in India has an estimated seven million clients.

Promoting digital financial services because they increase access and inclusion while reducing costs.

Impact Achieved For Students and Campus

Add text here...

Notes About How This Resource is Deployed

Add text here...

Steps Required To Bring Resource to Campus

Add text here...

Contact Information

Add text here...